Merchant Cash Advance
Finance based on your card machine turnover
What is Merchant Cash Advance?
Merchant cash advance is relatively new product in the UK. The concept of Merchant Cash Advance has proved to be very popular among business owners. In simple terms, cash advance uses card terminal to “secure” the loan. Payments are then taken as a portion of your revenue.
Our Merchant Cash Advance is very fast and flexible way to raise the capital for your business. Loan between £5000 and £100.000 for your business today.
Repayments are based on your card terminal sales, which means you only pay back when you sell to your customer.
Terms Agreement
Terminal Transactions
Deposit to Merchant Account
Daily Withdrawal to MCA Provider
Merchant Cash Advance Requirements
Applying for a Merchant Cash Advance is very easy. These are the simple steps to follow.
Eligibility
Minimum six months’ trading history with your card machine & a minimum six month lease on the premises you are in.
Documents
Last six (or preferably 12) months’ merchant statements, proof of ID, proof of bank account and a completed application form.
Additional
The speed at which you receive your funds depends on your card network. Some networks take 5-7 days and others taking 10-14 days
